Bond sectors dominate fund sales in July - IMA

The Global Bond sector reached its highest ever monthly sales figure in July, according to the Investment Management Association.

It saw net retail sales of £361m, the highest selling month on record. Underscoring the continued demand for fixed income products, three out of the top five best sellers were bond sectors. In second place was £ Corporate Bond, up from eighth position in June, while £ Strategic Bond was fourth. Strong sales into these sectors made bonds the leading asset class in July, with net retail sales of £928m, up £349m on the previous month. Equities was the second highest selling asset class at £857m. Meanwhile, the other two sectors to feature in the top five in July were Global Grow...